The Maritime and Port Authority of Singapore (MPA) has launched an Expression of Interest (EOI) inviting financial institutions and intermediaries, as well as marine insurance providers and brokers, to submit proposals to accelerate the adoption of electric harbour craft in Singapore, reports Port Technology International.
In a statement issued on its website, the MPA said that the EOI participants should assess and propose the demand planning parameters which would provide ‘sufficient scale to make financing viable and attractive’ for the adoption of these craft in Singapore.
‘As a guide,’ said the MPA, ‘participants may consider an aggregated fleet of 50 electric harbour craft as an initial demand planning parameter.’ However, the port authority added that EOI participants may also propose other portfolio sizes.
Commenting on the EOI, Teo Eng Dih, Chief Executive of MPA, said: ‘The harbour craft sector is an integral part of our port ecosystem. To accelerate the adoption of electric harbour craft, financial institutions and insurers can play important roles to provide solutions that can help lower the barriers to support early adopters. This will support the financing and insurance of selected consortiums in the earlier Expression of Interest on the design and development of electric harbour craft reference designs. We invite interested parties and institutions to put forth their ideas.’
Click here for more information on the EOI and submission guidelines.
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Source: Port Technology International
